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Precious,Inc

question 12

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Precious,Inc.has developed a specialized temperature monitoring system for nursery school rooms.The system informs parents when the temperature either falls below or rises above an adjustable threshold.To secure orders for this product,the sales team of Precious elected to cold-call retailers in the locality who stock baby and toddler products.Precious is utilizing _____ for locating prospects.


Definitions:

Supply Chain

The entire process of making and selling goods, including every stage from the supply of materials and the manufacture of the goods through to their distribution and sale.

Population Shift

The movement or change in the distribution of the population in certain areas due to factors like migration, birth rates, or economic changes, affecting demographics and societal structures.

Market Potential

The estimated maximum total sales revenue of all suppliers for a specific product in a market.

GDP

Gross Domestic Product, a measure of a country's economic performance, representing the total value of all goods and services produced over a specific time period.

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